Pinbank, Secure Transfer and GrainChain launch app to facilitate used car sales in Brazil

According to the survey of Senatran (National Traffic Secretariat), Brazil has about 173 million vehicles, and more than 40 million of them have some kind of restriction in the system. Another survey made by Fenauto (Federation of Resellers of Used Vehicles), points out that almost 16 million used vehicles were sold in 2024. Thinking about optimizing the digitization, safety and agility of this market, Safe Transfer, Safe Transfer Pinbank, and GrainChain, developed in partnership with the “ appTranferenciasegura.com”. 

The platform combines regulatory access, bank security through deposit-in-guarantee, secure orchestration and a single-flow journey for businesses and citizens. The operation takes place as follows: after the buyer and seller define the terms of the business, the system, which is connected to Renainf (National Traffic Infringement Registry), identifies debits and restrictions to summarize the status of the car; then the first deposits the purchase amount into a regulated account, with automated legal-financial compensation; and finally, the documentation is updated, funds are released and the parties receive digital receipts.

For Pinbank CEO Felipe Negri, this structure can help reduce fraud, speed up negotiations and bring confidence to both private transactions and dealerships.“The secondary vehicle market is huge in Brazil and today, vehicle transfer can take weeks, as well as bring risks such as scams, cancellations and disputes.The idea of “Tranferenciasegura.com’ is to eliminate these obstacles offering more security and transparency to buyers and sellers. The guarantee deposit eliminates the need for the famous IORESinal’ and avoids delays and headaches before the completion of the” purchase, he says. 

Leandro Zanardi, CTO of .TransferenciaSegura.com’, reinforces that digital transformation is inevitable. “Buy a car does not have to be a leap of faith or a complex and risky move. Therefore, we have created an intuitive and protected platform that synchronizes the payment completion with the legal transfer of ownership. All involved are informed in real time about the status of the” process, he explains.

Another differential is that the solution was designed as a friend of the dispatchers: each transaction is accompanied by a dispatcher individually linked to the operation, ensuring support and compliance at all stages.In addition, the platform is already integrated with more than 240 vehicle inspection establishments throughout the country.

The solution also brings a robust audit layer, with each step verifiable and traceable, helping to detect irregularities early and allowing clear resolutions. “All phases are managed in a solid way, minimizing risks and making it possible to complete negotiations in a few days”, says Luis Macias, CEO of GrainChain.

The initial launch takes place in Sao Paulo and the Federal District, aimed at transfers between individuals. The roll-out to other states and to legal entities and retailers is already underway, with accelerated expansion plans. The service will be available on web portal and mobile application (iOS and Android), with options of staggered plans for high volume partners. Marketplaces and dealerships will be able to integrate the tool as white-label or via API.